Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1887-08-14
DECLINING.
Fndlay Beginning to Shake on its Founda-
ton Of Wind.
SUPER AERATED VALUES WON'T GO
The Gas Supply Failing and No Coal to Fall
Back On.
WHAT AN INVESTOR THERE SAYS.

4 REGISTER reporter met Major Clement
Steele yesterday, and had quite pleasant
and profitable chat concerning Wheeling
and vicinity as compared with FIndIay,
Fostoria and other inland Ohio boom towns,
where they can show nothing hut FAINT
display OF natural gas, and no coal or other
solid everlasting undeniaole factors 10
prosperity to back up their mushrooms
growth.
Major Steele remarked that he had gone
to Fiudlav early IN the Saason. intending,
if the opportunity offered, to make an III
veStmcnt.
well, didn't the opportunity offer
Yes, and | made some small invest
ments in real estate, and they Melted me a
neat income, but woe he 10 the man who
bought what | sold, when the cash comes
in. What | was looking for, was place
| to put some money, where II would yield
me fair income so long a. ! cared to
continue the investment but Flndiay
don't suit me for such an outlay.
! They are booming ON wind
and prospects, and are offering unreasont-
BILE inducements to manufacturing con
Germs. As soon rs they are unable TO
continue TO spread on the tatfy the bubble
for the town il a mere bubble will burst,
and Findlay will be the deadest town on
| the continent.
GLOW is their gas supply holding out:'
"They manage To keep up the pressure
and supply by continuously boring new
wells but the old ones play ont faster
than new ones can be brought III prulila-
hlv. and predict than in two years the
pas supply will have entirely ceased 10
exist. Without gas l'ndlay is nothing.
| 1t is not naturally located for Il uamuilr-
turing town, and has no accessible coal.
| As a commercial town IT will he 4 Hat
| failure, Is there Is not the right kind Of
country round II TO make II a great mar
krt, aud if the country did exist, there are
too many good towns to allow fludiIy
! 4 paying share OF the trade. of course,
| the town doomed at first, and Is stall q
| pretty fly place, hat when the strangers
| who are there see grounds Tor sprcuiatiDI
waning. then FIndIay will lonSe the part
Of her population which gives her the
great name and fame. and the quiet old
|
now on the Qui yIvr, viii resum,
their old tim" hauntS aud manner of
! living. and FIndlay's fame will he
no more, except ~ historic spot wh"r"
! fortunes were made in a day and a. many
more lost in an equal time. Some one
must pay Tor all this great unnatural hub
! bub and of course the tail enderS
! and those who have fixed themselves 50
| they can't get away will he lett Ia nay the
| fiddler Tor the dancing done By the sptcu-
! latOrs who will have long since sought
more ycrdant fields. .w0years ago Find.
lay was :. town practically unknown, AMI
already it is beginning 20 return to its old
| time uuetnesS. You do not hear 1t meE-
toned rs frequently rs you did SIX months
ago and in another year 1t wilt he only Il
relic. The Board Of Trade, which 4 few
months ago was working wonders, Is nov
practically deiuGct. 1t has a buokkeePer
and one rrrand boy clerk, and they are not
kept busy. Men who paid from one TO
live thousand dollars to Join are willing TO
sell their stock in the Board below par,
and no takers
where do you consider the best place
to invest money
"Iyc made thorough examination OF
all points offered and think, Wheeling,
Pittsburu, o. almost any place IN the ONO
Valley between these points the safest
places. They have all the natural advan-
lagcs, coupled with slow, steady growth,
and values. If the gas plays out. an
a undauce Of coal eXi>ts, and aside from
that, the people are educated to manuiac-
turing and not 50 much inclined to he clr-
ricd away by whrwlnd3 which in their
very nature must be only of very temporary
duration. Give me the old Ohio Valley,
in preference to all the balloon towns in
| America